Transcript Highlights:

• Department of Finance.
• Department of Finance. Anthony France with the Department of Finance.
• Department of Finance: Anthony Franzoid, Department of Finance.
• Department of Finance. Thank you so much. Department of Finance or L.A.O.
• Department of Finance. Department of Finance. Matthew Perky, Department of Finance.

Summary: Assembly Budget Subcommittee No. 6 heard the Governor’s May Revision proposals for the judicial branch, the Board of State and Community Corrections, the Department of Justice, and the California Department of Corrections and Rehabilitation. The Legislative Analyst’s Office opened with a warning that the state budget remains structurally imbalanced and urged the Legislature to avoid new ongoing spending unless offset by reductions elsewhere. In the judicial branch discussion, the Judicial Council highlighted language access funding, appellate court security, a backfill for the state court facilities construction fund, and an extension of the lactation room mandate; Finance supported most items but suggested reporting language on interpreter costs and reducing the General Fund backfill. Members raised concerns about judicial vacancies, long-term salary freezes, remote hearings, and the lack of progress on court staffing in some counties. For the Board of State and Community Corrections, the administration proposed $10 million one-time each for the Missing and Murdered Indigenous People grant program and a human trafficking vertical prosecution grant program. The LAO said both should be weighed against other priorities and suggested the Legislature consider whether the Tribal Nations Grant Fund could support MMIP work, while Finance said it preferred General Fund support and wanted more review before any fund swap. Members strongly supported MMIP funding and asked whether ongoing support would be considered. On the human trafficking grant, Finance said BSC was a good fit because of its grant administration experience and prior vertical prosecution work, while legislators asked why the program was not placed with the Office of Emergency Services as originally contemplated in prior legislation. The Department of Justice presented antitrust litigation funding, Medi-Cal Fraud and Elder Abuse staffing, completion of organized retail criminal enterprise cases, and trailer bill language for a continuous appropriation from the Victims of Consumer Fraud Restitution Fund. The LAO supported the antitrust account use but questioned the Unfair Competition Law Fund’s ability to cover the full request without General Fund repayment, and recommended against a continuous appropriation for the restitution fund in favor of a more limited mechanism with legislative oversight. Finance said the fund would remain solvent and defended the continuous appropriation as necessary to pay victims promptly. In the CDCR portion, the largest discussion centered on the Boston Consulting Group efficiency review and sharply reduced savings estimates; LAO said the department had not fully explained the proposed position eliminations or future $100 million savings target, while Finance said the work reflected deeper analysis and ongoing efforts to find savings. Members repeatedly pressed CDCR and Finance on the gap between earlier promised savings and the revised figures. CDCR also outlined population projections showing continued declines in prison and parole populations, while LAO again urged the state to close an additional prison to save ongoing costs. The department then walked through several May Revision items, including workers’ compensation funding, a Corcoran honor housing dorm, incarcerated firefighter pay implementation, an incarcerated menopause program, mental health receiver staffing, mental health resource teams and crisis intervention teams, medical classification staffing changes, and AI note-taking for the electronic health record. LAO generally recommended limiting-term funding and more reporting for many of these proposals, while Finance defended them as necessary ongoing investments or court-ordered obligations. Members questioned the cost of workers’ compensation, the need for more prison closures, the lack of funding for women’s facility violence prevention, and the timing and transparency of the BCG savings process. No votes were taken.

Transcript Highlights:

• Which I serve on Senate Finance also as my standing committee in the Senate.
• Since 2020, a lot has happened, uh, with the Finance Authority.
• earlier with the planning and finance. of public projects.
• So we basically finance public infrastructure.
• To finance programs and technology under the committee's purview.

Transcript Highlights:

• the House Government, Elections and Indian Affairs Committee, thence the House Appropriations and Finance
• Recruitment and Retention Act, providing for a program administered by the New Mexico Mortgage Finance
• Agriculture, Asset, Gas and Water Resources Committee, which is the House Appropriations and Finance
• House Appropriations and Finance Committee, Ranking Member D. Johnson (member_22651).
• Your House Appropriations and Finance Committee will meet at 1:30 in room 307. Members take note.

Transcript Highlights:

• That it do pass as amended and then be referred to the Appropriations and Finance Committee.
• and Administration and the Director of the Legislative Finance Committee.
• An act relating to financing of highway projects, providing for a...
• Your House Appropriations and Finance Committee will meet at 1:30 in room in... Yes, and Mr.
• Speaker, House Appropriations and Finance will be in room 307 at 1:30 p.m. Members, take note.

Keywords: 996, all

Transcript Highlights:

• This is a special-purpose financing district, period.
• With CFD, sort of the way this works is CFDs can't finance those; these districts can finance those.
• Thank you. ...financing mechanisms?
• So I've been told that a great benefit of this is that bond financing rates are municipal bond financing
• fees, right, even if they're not being directly financed.

Bills: HB2091, HB2140, HB2320, HB2384, HB2398, HB2502, HB2780, HB2918, HB2939, HB2950, HB2999, HB4020, HB4026, HB4029

Keywords: insurance, financial surveillance, regulations, assessments, Arizona Revised Statutes, investment, state treasurer, gold bullion, treasury management, financial regulations, school districts, bonds, financial advisors, elections, municipal advisors, cost of borrowing, lease agreements, school property, tax exemptions, impact aid revenue bonds

Summary: The Senate Finance Committee approved the minutes from March 16, 2026, then heard testimony on a series of bills, with the chair noting that testimony and votes would be handled in batches because members were coming and going. HB 2939 would raise the rural qualified facilities tax credit from $20,000 to $25,000 per job for certain projects with initial investment under $2 billion. Lucid Motors supported the change as a tool to attract manufacturing jobs to rural Arizona, while opponents questioned whether the higher credit would actually create new jobs and pointed to a fiscal note that could reach $48 million. The committee later passed the bill 5-2. HB 2950 would authorize municipalities and counties to form tourism improvement areas funded by lodging business assessments for marketing and tourism promotion. The Arizona Lodging and Tourism Association and Visit Phoenix supported the measure, describing TIAs as voluntary, locally controlled tools already used in other states and useful for rural destinations; senators pressed on whether the assessments were truly voluntary and how the districts would be formed and administered. The bill passed 5-2. HB 2780, a technical cleanup bill related to property tax lien foreclosure and excess proceeds sales, was described as conforming changes to a prior law creating a mechanism for delinquent taxpayers to recover equity; it passed 6-1. HB 2502 would allow certain ASRS members who are elected officials to retire at normal retirement age without resigning their elected office, with the employer paying the alternate contribution rate. ASRS said it was neutral, and the sponsor and a lobbyist argued the bill would create parity with non-elected members who can retire and return to work; the committee passed it 5-2. HB 2140, as amended by a striker, would let the state treasurer invest up to 10% of trust and treasury monies in physical gold or silver bullion held in secure U.S. depositories. The sponsor and Sound Money Defense League supported it as a diversification and inflation hedge, while opponents argued gold is volatile, costly to store, and not a better use of taxpayer funds; the committee adopted the striker and passed the bill 4-2. HB 2398 would require commercial liability insurance for watercraft rented or hired in Arizona, including peer-to-peer boat-sharing programs, while not affecting ordinary personal boat ownership. The sponsor, insurers, and rental operators said the bill responds to uninsured boats being rented through apps and to safety and liability problems; some members said training should also be addressed. The committee adopted an amendment and passed the bill 6-1. Finally, HB 2999 would create state affordable infrastructure districts to finance public infrastructure for housing through bonds, taxes, and assessments, with unanimous landowner consent and disclosure requirements. Home builders and contractors said the districts could lower upfront housing costs and improve financing, but contractors sought stronger payment protections and some senators worried the bill could add red tape and costs without guaranteeing savings to homebuyers. After adopting a large amendment, the committee passed HB 2999, though at least one member voted no and another passed on the vote.

Transcript Highlights:

• financing company active in California and Florida.
• financing company active in California and Florida.
• through state-authorized assessment bond financing.
• In closing, betterment financing can bring billions in private-sector financing to bear.
• financing, otherwise known as R-PACE.

Keywords: 995, all

Summary: The Joint Committee on Revenue held a hearing on several housing-related bills, with chairs Adrienne Madaro and James Eldridge framing the discussion as part of the Legislature’s broader response to the state’s housing crisis and noting that many of the bills build on the 2024 Affordable Homes Act. The chairs reviewed hearing procedures, including the three-minute oral testimony limit, the option to submit written testimony, and the hybrid format. No votes were taken during the hearing. Testimony began with support for H. 3278, a bill to create a graduated deed excise tax for affordable housing. Representative Worel argued that higher-end real estate transactions should contribute more to fund affordable housing production, saying the measure would not burden working families and would help address racial inequities in homeownership and displacement. Representative Soder then supported H. 3247, which would promote redevelopment of abandoned buildings through expanded tax incentives for renovating vacant properties for sale or rent, arguing that it would bring blighted units back into use and generate future tax revenue. The committee also heard testimony on H. 3040/S. 1969, residential improvement or R-PACE legislation. Robert Giles of Home Run Financing and Nicole Steele of Amalgamated Bank described the program as a voluntary, assessment-based financing tool that could help homeowners pay for energy efficiency, resilience, and other major repairs without upfront costs, and said it could complement existing Mass Save programs while expanding access to more homeowners. In contrast, Judith Lieben of the Massachusetts Law Reform Institute opposed H. 3039/S. 1946, the Housing Development Incentive Program bill, arguing it would expand subsidies for market-rate and luxury housing in Gateway Cities instead of directing resources to low-income renters. Representative Hawkins also testified in support of H. 3121, which would end large investor control of homes in Massachusetts by imposing an excise tax on large owners of small residential properties and using the revenue for first-time homebuyer down payment assistance. After testimony and a few member questions, the chairs asked whether anyone else wished to testify and then adjourned the hearing.

Transcript Highlights:

• Order printed and referred to the House Education Committee, then the House Appropriations and Finance
• Appropriations and Finance Committee.
• To the House Education Committee, then the House Appropriations and Finance Committee.
• House Bill 180, introduced by Representative Vincent and Representative Edda for the Legislative Finance
• House Bill 184, for the Legislative Finance Committee, is an act relating to public funds, requiring

Bills: HM19

Keywords: New Mexico Aviation and Aerospace Day, aviation, aerospace, space industry, missile programs, Spaceport America, White Sands Missile Range, White Sands Test Facility, Kirtland Air Force Base, drone, unmanned aircraft systems, commercial space transportation, NASA, aircraft, STEM education, research laboratories, Sandia National Laboratories, Los Alamos National Laboratory, flight testing, medical evacuation

Transcript Highlights:

• Modality of public financing. So first it has to get through the legislature.
• Small-dollar public financing is a proven solution.
• So it depends on how many cities, if any, decide that they want to have public financing.
• So any city who enacts any sort of public financing or any financing mechanism, it's up to that city
• Public financing programs are a promising tool for empowering voters.

Keywords: 988, house, all

Transcript Highlights:

• Refer to finance.
• Refer to Finance.
• Refer to Finance.
• Refer to Finance.
• Refer to Finance.

Keywords: 909, all

Transcript Highlights:

• I am the chief deputy director at the California Housing Finance Agency, also known as CalHFA.
• The Housing Development and Finance Committee is an integral piece to this proposal.
• That is how the state of California finances affordable housing.
• And that is what the Housing, Finance, and Development Committee does.
• How are you envisioning... comes to housing finance, that you have more of one stop for that.

Summary: The joint hearing focused on the Governor’s 2025 reorganization plan to split the Business, Consumer Services and Housing Agency into two new agencies: a Business and Consumer Services Agency and a California Housing and Homelessness Agency. Administration officials said the change would give each side more focused leadership, improve consumer protection and regulatory oversight, and better align housing and homelessness policy with the state’s broader housing goals. Leaders from the Department of Consumer Affairs, Cannabis Control, Alcoholic Beverage Control, and Financial Protection and Innovation all voiced support for the business-side reorganization, while housing officials emphasized that the new housing agency would help streamline funding, compliance, and coordination across programs. Members raised concerns about timing, budget impacts, office space, and whether the split would actually reduce bureaucracy. The administration said the plan would be included in the May Revision, was intended to be cost-neutral, and would not require fee increases for licensees or additional office space. On the housing side, officials said the new Housing Development and Finance Committee would work toward a single application and more coordinated award process for affordable housing funding, while preserving CalHFA’s statutory and financial independence. They also said the reorganization would improve compliance monitoring, data collection, and coordination with local governments, including Los Angeles homelessness programs. Public testimony was largely supportive. Industry groups representing beverage distributors, craft brewers, wine, mortgage lenders, and housing organizations backed the business-side split, and housing advocates such as Housing California, the California Housing Partnership, and the California Housing Consortium supported the housing agency concept and the proposed one-stop-shop approach. Several witnesses urged that tax credits, bonds, and other funding sources be better coordinated, and some said the plan should be paired with additional state investment and implementation resources. No formal vote was taken; the hearing was informational.

Transcript Highlights:

• First, Finance, and then to the LAO.
• Department of Finance, please. Hugo Salis Galena with the Department of Finance.
• And why don't we start with Finance? George Harris, Department of Finance.
• of the Department of Finance.
• George Harris, Department of Finance. George Harris, Department of Finance.

Summary: The committee heard presentations on the Governor’s education budget proposals for the Local Control Funding Formula (LCFF), Learning Recovery Block Grant, and Expanded Learning Opportunities Program (ELOP), followed by testimony from State Board of Education President Linda Darling-Hammond. On LCFF, Finance outlined the proposed 2.43% COLA, repayment of prior deferrals, and a trailer bill penalty for LEAs that fail to adopt Local Control Accountability Plans on time. The LAO said its COLA estimate was slightly lower and raised concerns that the Governor’s proposed TK staffing ratio increase may be more costly than estimated. Members also discussed whether the current COLA formula should better reflect California-specific or district staffing costs, and whether TK should be more clearly separated from the K-3 grade span adjustment to avoid larger K-3 class sizes. The chair asked staff to work with the LAO on both the TK/K-3 issue and alternative COLA calculations. For the Learning Recovery Block Grant, Finance proposed restoring the first of three delayed payments, $378.6 million one-time Proposition 98 General Fund, while the LAO recommended adopting the proposal but extending the expenditure deadline by at least a year. The LAO reported that districts had spent $1.6 billion of the $6.8 billion received through 2023-24 and said most districts were only now shifting from federal COVID relief to block grant spending. Members questioned whether the large state and federal investments were improving outcomes, citing declining reading and math trends, while Finance and the State Board president pointed to some signs of improvement, especially in math, attendance, and gains for some student groups. Darling-Hammond emphasized that student needs have grown, that recovery spending has gone to devices, ventilation, staffing, tutoring, summer school, and community schools, and that targeted interventions appear to be helping some districts recover faster than others. On ELOP, Finance proposed adding $435 million to expand universal access by lowering the Tier 1 threshold from 75% to 55% unduplicated pupils, bringing ongoing funding to $4.4 billion. The LAO said the estimate was reasonable but recommended delaying implementation for a year, aligning ELOP with ASES to reduce overlap, moving toward funding based on participation rather than enrollment, and considering a fixed Tier 2 rate. Members and witnesses discussed staffing challenges, the use of funds for students with disabilities, and uncertainty in Tier 2 funding caused by unspent dollars and opt-outs. Darling-Hammond supported ELOP as part of California’s broader after-school and summer learning strategy, said most districts are now offering full-day TK and expanded learning, and urged the state to reduce fragmentation across categorical programs and build more unified systems for funding, reporting, and support.

Transcript Highlights:

• committee on transportation and finance committee on transportation and finance with<00:43:34.560
• and disappointed by the finance and disappointed by the finance amendment<01:35:19.679> was
• , Section 45 was also deleted by finance, Section 45 was also deleted by finance, but<01:35:37.840
• c> Committee So, your Senate Finance Committee So, your Senate Finance Committee originally<01:45
• with finance around that.

Keywords: 927, senate, all

Transcript Highlights:

• One carefully regulates litigation financing activities for all litigation financing, and the second
• So if we look at the regulation of litigation financing, for all litigation financing, the bill directs
• ; they just need to inform the court that there is litigation financing.
• So the litigation financing company is to pay an awful lot of money.
• That doesn't fall under the definition of litigation financing.

Summary: The Judiciary Committee met and took up a series of bills, beginning with SB 620, which would require candidates for federal, state, county, district, judicial, and school board offices to disclose any citizenship in countries other than the United States. The bill was presented as a transparency measure, with one opponent waiving time, and it was reported favorably on an 8-0 vote. The committee then heard SB 1396 on litigation financing consumer protection. Supporters from the Florida Justice Reform Institute, American Tort Reform Association, and U.S. Chamber Institute for Legal Reform argued the bill would add transparency, limit funder control, and require disclosure of foreign entities involved in litigation funding. Opponents, including the Florida Justice Association, argued the bill would create strategic advantages for defendants and could affect discovery and settlement dynamics. The bill passed 7-2. The committee also approved SB 192, removing a $1,500 cap on patient funds chiropractors may hold in trust; SB 888, limiting indemnity and insurance requirements in design-professional contracts; CS/SB 332, creating a temporary closed-meeting exemption for pre-suit Burt Harris litigation strategy discussions; SB 820, requiring quarterly reporting on problem-solving courts; SB 1500, updating uncontested probate procedures; SB 1224, making fraudulent entry into rental dwellings a third-degree felony; and SB 1000, setting a floor and ceiling for interest rates on law firm trust accounts. Each of these bills was reported favorably, with broad support and little or no opposition. The committee also advanced CS/SB 694, which would compensate the descendants of the Groveland Four. Senator Bracey Davis described the bill as a final step in addressing the wrongful convictions, deaths, and long-term harm suffered by Charles Greenlee, Walter Irvin, Samuel Shepard, and Ernest Thomas. Family members and advocacy groups testified in support, urging the state to complete its acknowledgment of wrongdoing with monetary compensation. An amendment was adopted to divide any appropriation equally among the four families. The bill passed unanimously. Finally, SB 144 creating a public records exemption for personal information of Judicial Qualifications Commission employees and their families was approved 9-1. Several members also requested to be recorded as voting in the affirmative on specific bills before the committee adjourned.

Transcript Highlights:

• Next, members, we will move to the Children and Families finance bill.
• This will be merged later on with House File 2435, the health finance bill.
• the children and families finance bill. the children and families finance bill.
• Next, uh, we will bring before the committee House File 2435, the health finance bill.
• Next, uh, we will bring before the committee House File 2435, the health finance bill.

Bills: HF2436, HF2435

Keywords: child welfare, economic assistance, child care, grant program, video security cameras, healthcare, dementia services, public health funding, opioid prevention, women's health, community health boards, mental health, 1183, house

Transcript Highlights:

• Alex Schope, Department of Finance.
• Yes, the Department of Finance.
• We’ll start with the Department of Finance. Phil Osborne, Department of Finance.
• Anita Lee with the Department of Finance. Anita Lee with the Department of Finance.
• Paula, Finance.

Summary: The committee heard an overview of the May Revision’s Proposition 98 changes for K-12 and community colleges. The Department of Finance said the minimum guarantee rises by $6.4 billion over the Governor’s Budget across the three-year window, with higher guarantees in each year, full payment of the prior settle-up, and larger deposits into the school rainy-day fund. The LAO said the revenue and LCFF updates were reasonable, but urged caution about the settle-up approach and recommended using more of the available funding to protect ongoing programs and build budget resilience. Members focused heavily on the size of the proposed $3.9 billion settle-up, the $10.3 billion reserve deposit, declining K-12 enrollment, and how much of the new funding should be ongoing versus one-time. The committee then reviewed the community colleges portion of the budget. Finance described the May Revision’s higher SCFF COLA, additional funding for enrollment growth, a student support block grant, apprenticeship adjustments, and continued funding for deferred maintenance, Calbright, Common Cloud, and credit for prior learning. The Chancellor’s Office supported the core investments but asked for more funding for enrollment growth, changes to the growth formula, and a COLA for Student Equity and Achievement. The LAO recommended prioritizing the statutory COLA increase, noted that more than half of districts are already above current-year growth targets, and said the new adult learner demonstration project should be rejected because districts already have tools to support similar services. Members also discussed a $52 million current-year apportionment shortfall, which Finance said was discovered too late for the May Revision and would need to be addressed later. Finally, the committee took up the proposed implementation of the federal Workforce Pell program. Finance proposed one-time funding for the California Student Aid Commission and Cradle to Career to build eligibility and data systems, along with trailer bill changes to set up state approval processes. CSAC said the program is promising but highly complex, that California lacks the needed infrastructure, and that the state will need emergency regulations, data linkages, and ongoing funding beyond the one-time proposal. The LAO agreed that some initial funding is needed but warned that the amounts and ongoing costs remain uncertain and that the Legislature should carefully draft the trailer bill language. Members asked about timing, other states’ actions, and how the state would ensure the program is ready for students and institutions.

Transcript Highlights:

• Our first panel is going to focus on financing.
• PG&E this year is going to finance $5.5 billion.
• I did want to talk a little bit about tax-exempt financing.
• And as my colleague mentioned, some source of financing.
• But the financing that we've been talking about as a driver of lower financing costs would also be tax-exempt

Summary: The committee first heard AB 13, which would restructure the CPUC to increase legislative oversight, add legislative liaisons, require more detailed and timely reporting on rate-setting decisions, and add a public advocate member. The author and supporters argued the bill would improve transparency, accountability, and geographic diversity in CPUC decision-making amid rising utility rates. Witnesses from TURN, San Joaquin County, SDG&E, and former CPUC Commissioner Loretta Lynch offered support or support-in-principle, while no opposition testimony was presented. Members generally praised the bill’s transparency goals, and AB 13 passed 10-0 to Appropriations, with the roll left open for absent members. The committee then adopted the 2025-2026 committee rules and approved three consent items: AB 61, AB 365, and AB 406. The next bill, AB 99, would cap investor-owned utility rate increases above inflation except for specified costs such as safety, modernization, and fuel/commodity costs. The author and supporters, including a representative of the California Senior Legislature, said the bill was needed to protect ratepayers, especially seniors and low-income customers, from repeated rate hikes. Opposition came from utility labor, utilities, the Chamber of Commerce, and others, who argued the bill was too simplistic, could suppress labor costs, and did not account for major cost drivers such as wildfire mitigation, mandates, and net metering. Several members supported moving the bill forward as a starting point on affordability, while others criticized it as overly blunt. AB 99 passed 11-0 to Appropriations, with the roll left open. The hearing then shifted to an informational panel on strategies to reduce California transmission costs. A Public Advocates Office staffer described a growing backlog of approved-but-unbuilt transmission projects, rising transmission access charges, and long project timelines driven largely by utility pre-application and construction periods. Panelists from Net Zero California and consulting firms presented research suggesting that public financing or public-private partnership lease models could reduce transmission costs by lowering financing, tax, and capital costs, with estimated savings of up to 57% and as much as $123 billion over 40 years. PG&E’s representative said the utility is already pursuing federal loan guarantees, grants, and a public-private partnership with Citizens Energy, but warned that state ownership could create tax, wildfire-liability, and governance risks. Members asked about the CPUC’s role, the causes of delays, and whether public financing could complement existing competitive solicitation processes.

Transcript Highlights:

• <00:06:11.080> of barriers which inhibit the financing of barriers which inhibit the financing
• consumers this combination of financing consumers this combination of financing would<00:13:39.560
• <00:15:06.800> more uh to make Pace financing more uh to make Pace financing more attractive
• many other traditional types financing many other traditional types of<00:15:27.680> financing
• Powerful blend of experience in finance Powerful blend of experience in finance investing<00:16:

Keywords: 1187, senate, all

Transcript Highlights:

• How does it protect Floridians related to litigation financing?
• , The exact terms of the financing agreement are not disclosed.
• They're not going to get financing terms. This is the judge.
• You don't single out one specific type of financing.
• You say all financing, any financing that comes from overseas is a problem.

Summary: The Committee on Rules met and first approved several open-government sunset repeal bills and related measures. SB 7024 and SB 7026, both sponsored by Senator Mayfield, were explained as consolidating and extending public records/public meetings exemptions for cybersecurity information and trade secrets held by agencies; both were reported favorably. SB 7020, sponsored by Senator Trumbull, reenacted an aquaculture records exemption for records held by the Department of Agriculture and Consumer Services and was also reported favorably. Later, the committee approved SB 14 and SB 24, claims bills for relief involving Miami-Dade County, and SB 16, a claims bill for Heriberto Sanchez Mayan against the City of St. Petersburg; all were reported favorably without opposition. The committee also approved CS for SB 806, a consumer right-to-repair bill creating portable wireless device and agricultural equipment repair acts, despite opposition from several industry groups, and reported it favorably.

Transcript Highlights:

• And that bill goes to finance. Without rec. And that bill goes to finance.
• If reported, we're going to finance.
• That bill goes to finance. Thank you. Without rec. That bill goes to finance.
• If reported, it would go to finance.
• That goes to finance. Yes.

Keywords: 993, senate, all

Summary: The meeting covered a long list of health and social services bills, many of them recurring proposals that had passed the Senate before or been vetoed in prior years. Topics included primary care investment, penalties for adult care facility safety violations, emergency insulin access, limited nursing services in adult care facilities, a State Medical Indemnity Fund ombudsman, hospital ownership and private equity oversight, controlled substances for people with substance use disorder, rescue inhaler information in the immunization system, nursing home closure procedures, Medicaid coverage for complex care assistance, increased personal needs allowances, parental education for minors with disabling conditions, physician and dentist loan repayment/support, higher public health penalties, direct Medicaid billing for licensed creative arts therapists, adoption registry information release, fetal and infant mortality review boards, reusable food and beverage containers, DNR and hospice decision rules, a special needs assisted living demonstration program, temporary licensure for out-of-state health professionals at a triathlon event, and lead reporting and mitigation in school water. Sponsors described most bills as straightforward efforts to improve access, transparency, or care quality, while several members noted technical fixes or fiscal concerns on a few measures, including outdated program references and the need for funding to support expanded loan repayment eligibility. Some bills were framed as responses to prior vetoes or as renewed attempts to advance previously passed Senate measures. The chair also noted the committee still lacked a budget and expected additional meetings. For each bill, members generally moved and seconded the measures, and the committee voted favorably, usually with some members recorded as without recommendation. Most bills were advanced either to first reading, finance, or higher education, depending on referral. No bill was defeated in the transcript.

Transcript Highlights:

• Thank you, Department of Finance. Neal Kishun, Department of Finance: Nothing to add. Okay.
• They will do the financing, meaning they can advance the cash.
• One, finance against the $20 billion, and then they can add...
• financing on top of the $20 billion.
• And back about the finance...

Keywords: 987, senate, all

Summary: The Senate Budget Subcommittee No. 5 heard an update from the California High-Speed Rail Authority on its 2026 draft business plan and related budget proposals. The Authority said work in the Central Valley is advancing, with 59 of 92 major structures complete, 80 of 119 miles under construction finished, utility relocations 93% complete, and track-laying expected to begin later this year. It said the revised plan targets completion of the Merced-to-Bakersfield early operating segment in 2032-33, and it highlighted a new strategy focused on ancillary revenues, public-private partnerships, and possible value-capture tools such as real estate, energy, broadband, logistics, and tax increment financing. The Authority also asked for reappropriation of $423 million in Prop 1A funds for the Link Union Station project and $246 million in federal trust funds to avoid expiration. The Legislative Analyst’s Office said it had no specific concerns with the two budget change proposals but raised broader concerns about the draft business plan and the project’s finances. LAO said the plan appears to assume optimistic cost savings, immediate approval of major statutory changes, and reliable future cap-and-invest revenues, while actual funding may be insufficient even for the revised Central Valley segment once borrowing costs are included. LAO also said the draft business plan was missing several required elements identified by the Office of the Inspector General, and it suggested the Legislature could wait until the plan is finalized before acting. Department of Finance had no additional comment. Members questioned the Authority about whether all proposed financing and policy changes are necessary, how tax increment financing would affect local governments and school districts, and what authority the Authority has to enter public-private partnerships without further legislative approval. The Authority said utility relocation authority is its top legislative priority, that value capture is a longer-term tool not needed to complete Merced-to-Bakersfield, and that any state backstop beyond the current $20 billion commitment would require returning to the Legislature. It said a private partner is expected to be selected around June 1, with more detailed financing analysis to follow over six to eight months. Public testimony was split: labor groups and project supporters backed the budget request and urged action on utility relocation and job creation, while local government and special district representatives strongly opposed tax increment financing and related land-use proposals without local consent. The hearing ended with no vote taken and the committee adjourned.